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Essay / Research Paper Abstract
This 15 page report discusses the United States Uniform Commercial Code, government procurement requirements and regulations, as well as the other laws governing government procurement activities. Special attention is given to Article 2 of the U.C.C. that outlines issues relating to sales transactions. The fact that the states, not the Federal government, are the primary source of law on commercial transactions in the U.S. is also addressed. The federal U.C.C.’s greatest contribution is in serving as a model act for legislating appropriate and legal commercial activity in the United States. Bibliography lists 13 sources.
Page Count:
15 pages (~225 words per page)
File: D0_BWucc.rtf
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Unformatted sample text from the term paper:
States. In all 50 states and the District of Columbia at least some of that commercial law is based on the Uniform Commercial Code (U.C.C.). A joint project of
the American Law Institute and the National Conference of Commissioners on Uniform State Laws, the first version of the U.C.C. was a "1952 Official Text." While one of several versions
of the U.C.C. has now been adopted, at least in part, by each of the states, not all states have adopted the most recent version and many states have amended
some of the "uniform" provisions. The standard model guidelines adopted by most states to handle commercial contracts have generally served to meet a broad range of unique specifications.
Each section of the U.C.C. is the subject of an "Official Comment." While these comments have not been enacted by state legislatures, they are heavily
relied on by attorneys as well as the judicial system. They are, most generally, the most important source of assistance in interpreting the Code. Calling the Federal governments procurement process
unwieldy would be an understatement, at the very least. Numerous requisition, approval, purchase, and payment procedures must be followed, meaning that more gets spent on administration than on the
requested product. The Uniform Commercial Code serves as some level or framework by which boundaries are established in terms of the larger process of commercial transactions. All too
often, however, the government process has required far more than the U.C.C. mandates while creating a greater level of procedure than is truly necessary. Members of Congress and the
head of regulatory agencies could certainly point to commercial law as one area in which the "re-invention of government" has been desperately needed. History and Purpose of the UCC
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